The Traderszone Network

Published in TZ Latest News 29 September, 2015 by The TZ Newswire Staff

Forex technical analysis: EURUSD between the goal posts

Trades between the 100 and 200 hour MA
The EURUSD is trading between the 100 and 200 hour MAs in trading today at 1.11988 and 1.12322 respectively. I call that condition “trading between the goal posts”. ┬áThe lower of those extremes are being tested after the weaker than expected inflation data out of Germany, but looks below the 100 hour MA (blue line in the chart below) did fail to ignite any momentum (low reached 1.1193) and traders seem to be using the level to define and limit risk at the ┬ámoment.

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